Brokerages Set LiveRamp Holdings, Inc. (NYSE:RAMP) Price Target at $39.43

LiveRamp Holdings, Inc. (NYSE:RAMP) has received an average recommendation of “Hold” from the eight ratings firms that are presently covering the firm, Marketbeat reports. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $40.2143.

Several analysts recently commented on the company. Benchmark lowered their target price on LiveRamp from $53.00 to $38.00 and set a “buy” rating on the stock in a research report on Tuesday, February 3rd. DA Davidson cut LiveRamp from a “buy” rating to a “neutral” rating and lifted their price target for the company from $35.00 to $38.50 in a research report on Monday, May 18th. Evercore initiated coverage on LiveRamp in a research report on Tuesday, March 24th. They set an “outperform” rating and a $37.00 price target on the stock. Morgan Stanley set a $38.50 price target on LiveRamp in a research report on Friday. Finally, Weiss Ratings upgraded LiveRamp from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday.

LiveRamp Price Performance

RAMP opened at $37.67 on Friday. LiveRamp has a 12 month low of $21.71 and a 12 month high of $37.91. The stock has a market cap of $2.38 billion, a P/E ratio of 16.52 and a beta of 1.19. The stock’s 50 day moving average price is $29.31 and its 200 day moving average price is $28.18.

LiveRamp (NYSE:RAMP) last posted its earnings results on Sunday, May 17th. The company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.49 by $0.03. LiveRamp had a return on equity of 8.28% and a net margin of 17.95%.The firm had revenue of $206.09 million for the quarter, compared to analysts’ expectations of $205.49 million. During the same period last year, the firm earned $0.30 EPS. The firm’s revenue was up 9.2% compared to the same quarter last year. Equities analysts anticipate that LiveRamp will post 2.07 EPS for the current year.

LiveRamp declared that its Board of Directors has initiated a stock repurchase plan on Thursday, February 12th that permits the company to buyback $200.00 million in outstanding shares. This buyback authorization permits the company to purchase up to 13.6% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its shares are undervalued.

Hedge Funds Weigh In On LiveRamp

Several hedge funds have recently modified their holdings of RAMP. Fuller & Thaler Asset Management Inc. acquired a new position in shares of LiveRamp during the 4th quarter valued at $55,256,000. Fort Washington Investment Advisors Inc. OH increased its position in shares of LiveRamp by 37.0% during the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 1,960,674 shares of the company’s stock valued at $51,997,000 after purchasing an additional 529,485 shares during the period. Boston Partners boosted its stake in shares of LiveRamp by 56.6% during the 3rd quarter. Boston Partners now owns 1,269,623 shares of the company’s stock worth $34,746,000 after acquiring an additional 459,094 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of LiveRamp by 15.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,772,213 shares of the company’s stock worth $73,519,000 after acquiring an additional 365,894 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its stake in shares of LiveRamp by 16.0% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,550,435 shares of the company’s stock worth $41,118,000 after acquiring an additional 213,706 shares in the last quarter. 93.83% of the stock is currently owned by institutional investors and hedge funds.

About LiveRamp

LiveRamp Holdings, Inc is a leading provider of data connectivity and identity resolution services for marketers, publishers and platforms. The company’s core technology enables organizations to link disparate data sources—such as CRM systems, web engagements and offline transaction records—into a single, privacy-safe view of individual consumers. By standardizing and anonymizing identifiers, LiveRamp’s platform facilitates targeted media activation, measurement and analytics across digital, mobile, addressable TV and offline channels.

The company offers a suite of products designed to support every stage of the data lifecycle.